Brexit breakthrough; U.S. jobs report; Shutdown averted

1. Brexit breakthrough: Britain and the European Union reached a Brexit milestone on Friday, breakin...

Posted: Dec 8, 2017 3:52 PM
Updated: Dec 8, 2017 3:52 PM

1. Brexit breakthrough: Britain and the European Union reached a Brexit milestone on Friday, breaking a deadlock that allows talks to move onto a crucial second phase.

Negotiations will now turn to trade and the terms of a transition that would allow businesses in the U.K. to adapt to life outside the bloc.

The pound posted a mild reaction to the deal, gaining 0.2% against the dollar.

Investor enthusiasm may be limited because trade talks promise to be difficult.

"Let's remember that the most difficult challenge still ahead," said European Council President Donald Tusk. "Breaking up is hard. But breaking up and building a new relationship is much harder."

2. Jobs report: The U.S. economy continued its strong jobs-creation run in November.

The data show employers added 228,000 jobs and unemployment remained at a 17-year low of 4.1%.

The report echoes other signs of strength: The economy grew 3.3% in the most recent quarter, its best performance since 2014.

3. Shutdown averted, for now: The dollar edged higher against other major currencies after lawmakers voted for a short-term spending bill that will keep the federal government running for another two weeks.

The major obstacle is what comes after December 22, when the government runs out of money once again.

All eyes will be on the White House, as Trump and top congressional leaders try to resolve policy differences so Congress can pass a long-term spending bill before Christmas.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

4. Global overview: Stocks markets are closing out the week with a bang.

U.S. stock futures were higher. Major European and Asian markets were in positive territory.

U.S. crude oil futures gained 0.7% to trade just above $57 per barrel.

The one big loser of the day was bitcoin, which continued its wild ride. It plunged more than $2,500 after hitting new record on Thursday.

The Dow Jones industrial average and the S&P 500 both gained 0.3% on Thursday, while the Nasdaq added 0.5%.

5. Companies and economics: Shares in Japan Display shot up 9% in Tokyo on a report that Apple might start using LCD screens in future smartphones.

A preliminary reading of the University of Michigan's Consumer Sentiment Index for December will be released at 10 a.m.

Chinese exports and imports data came out stronger than expected, pointing to healthy global trade.

"We expect exports to continue to perform well in the coming months on the back of strong global demand," said Julian Evans-Pritchard, China Economist at Capital Economics.

Download CNN MoneyStream for up-to-the-minute market data and news

6. Coming this week:

Friday -- Jobs report

West Lafayette
Clear
81° wxIcon
Hi: 80° Lo: 53°
Feels Like: 81°
Kokomo
Clear
78° wxIcon
Hi: 78° Lo: 51°
Feels Like: 79°
Rensselaer
Clear
75° wxIcon
Hi: 79° Lo: 50°
Feels Like: 75°
Fowler
Clear
75° wxIcon
Hi: 78° Lo: 52°
Feels Like: 75°
Williamsport
Clear
77° wxIcon
Hi: 77° Lo: 52°
Feels Like: 78°
Crawfordsville
Clear
74° wxIcon
Hi: 78° Lo: 53°
Feels Like: 74°
Frankfort
Broken Clouds
79° wxIcon
Hi: 79° Lo: 51°
Feels Like: 79°
Delphi
Clear
77° wxIcon
Hi: 80° Lo: 51°
Feels Like: 78°
Monticello
Clear
76° wxIcon
Hi: 81° Lo: 51°
Feels Like: 76°
Logansport
Clear
75° wxIcon
Hi: 78° Lo: 50°
Feels Like: 75°
Very Warm, Then Rainfall Potential, Followed by Much Cooler Weather
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 113337

Reported Deaths: 3530
CountyConfirmedDeaths
Marion20936761
Lake10334319
Elkhart6438109
St. Joseph6226103
Allen6060200
Hamilton4761109
Vanderburgh349430
Hendricks2681122
Monroe251236
Tippecanoe231213
Johnson2279123
Clark215756
Porter209046
Cass19339
Delaware189561
Vigo178524
Madison161075
LaPorte138239
Floyd132161
Howard129063
Warrick122336
Kosciusko120617
Bartholomew115357
Marshall99424
Dubois95918
Boone95646
Hancock91443
Grant89733
Noble89432
Henry78125
Wayne74714
Jackson7429
Morgan70638
Shelby66629
Daviess65428
Dearborn63928
LaGrange63211
Clinton59513
Harrison56424
Putnam53810
Lawrence50628
Montgomery50521
Knox5039
Gibson4894
White48214
DeKalb46311
Decatur45739
Miami4303
Greene41935
Fayette41813
Jasper3862
Steuben3747
Scott35910
Sullivan33112
Jennings31212
Posey3090
Franklin30325
Clay2985
Orange28624
Ripley2828
Carroll27113
Wabash2628
Washington2611
Whitley2556
Starke2537
Adams2523
Wells2503
Jefferson2443
Fulton2352
Huntington2223
Spencer2223
Tipton22022
Perry21513
Randolph2097
Jay1750
Newton17211
Owen1671
Martin1640
Rush1534
Pike1411
Vermillion1260
Fountain1202
Pulaski1151
Blackford1133
Brown1033
Crawford1030
Parke961
Benton880
Ohio777
Union770
Switzerland690
Warren391
Unassigned0225

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events